The forecast for wages and salaries in the iron casting sector in France demonstrates a consistent downward trend from 2024 to 2028, with a projected decline from 131.3 million Euros in 2024 to 117.7 million Euros in 2028. Comparing year-on-year, it is evident that each subsequent year's figures show a reduction, with a significant cumulative average growth rate (CAGR) reflecting a sustained decrease across five years. It is noteworthy that in 2023, the wages and salaries were higher, indicating a recent downturn in the sector.
Future trends to consider include potential impacts from advancements in automation and technology, possibly further reducing labor costs. Additionally, economic policies, labor laws, and market demand could greatly influence wage dynamics in the iron casting industry.
